Bulgaria GDP expands at a slightly softer pace in Q4

Figures

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Bulgaria's gross domestic product (GDP) increased by 4.5% year-on-year in the last quarter of 2021, following a 5% annual increase in the third quarter, the Sofia-based National Statistical Institute (NSI) said in a flash estimate on Wednesday.

Consumption grew faster (7.9% vs 7.1% in Q3) and net foreign trade contributed positively as exports surged 12.9% (vs 10% in Q3) while imports rose at a softer 11.2% (vs 14.3%).

However, gross fixed capital formation declined further (-12.5% vs -11.7% in Q3).

On a quarterly basis, Bulgaria's GDP rose by 1%, quickening from an upwardly revised 0.8% in the third quarter of the year, the statistics institute said quoting seasonally adjusted data.

Bulgaria's GDP totaled BGN 38.5 billion (EUR 19.7 billion) at current prices in the period under review.

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